Africa Business Economy 

Dele Kuti: Africa could be the world’s next big oil and gas energy play

New prospecting, drilling and refining technologies combined with increased global energy consumption supported by Africa’s increasingly positive demographic and legislative environments are breathing new life – and significant investment – into the continent’s growing oil and gas sector. The increased costs of oil and gas production and beneficiation are seeing global energy majors build production and refining capability closer to new sources of oil and gas and fast-growing markets. Since many of these new finds are in Africa’s fast-growing emerging and frontier markets, Africa’s rapidly growing consumer and infrastructural opportunities, adds to the rationale…

Share Button
Read More
Africa Business Economy Featured Sports 

From starting bench to startup: Two rugby stars tackle e-commerce

All professional athletes one day reach a point in their careers where they have to decide what’s next. For Tim Whitehead – a former DHL Stormers and Sharks centre – it was to start his own business. He had the idea while holidaying in Vietnam and, truth be told, only wanted to sell clothes online to fund his travelling addiction. Having begun to learn about running a business while still playing rugby, Whitehead knew that he wanted a partner and called up DHL Stormers captain Siya Kolisi. The two had…

Share Button
Read More
Africa Education Featured General 

10 Vital African Wedding Traditions You Should Know About (Photos)

An old African proverb says, “A man without a wife is like a vase without flowers.“ Africa, is made up of many nations and tribes with wedding traditions rooted deeply into the culture. Here is a quick look at 10 African wedding traditions. Bemba In the Bemba culture of Zambia, marriage starts with a class called Bana Chimbusa, a secret counselling session for the bride. The class is followed by Chilanga Mulilo, where the bride’s family takes different family dishes and presents them to the groom’s family, giving a symbolic…

Share Button
Read More
Africa Economy 

African Presidents with the Most Expensive Private Jets

A look at some of the President’s luxurious private aircrafts playPresident Uhuru Kenyatta sits in a plane’s cockpit. (Courtesy) Luxurious, state-of-the-art technologies, plush interiors, super-sonic speeds. These are the some of the words that would best describe the expensive jets that African Presidents cruise the world in. Business Insider SSA takes a look at some of them: 10. Angola President’s Plane (Embraer ERJ-135) play   Angola’s President José Eduardo dos Santos flies in the Embraer ERJ-135 that is said to cost a whopping $16 million. The plane is renowned for…

Share Button
Read More
Africa Economy 

The Economist’s Nigeria Summit Shifts Focus on the Future of Nigeria’s Economy

The 2017 summit will be a 2-day event, themed, “Paving the Way”, and will be held on March 6th and 7th 2017 at the Intercontinental Hotel, Victoria Island, Lagos LAGOS, Nigeria, October 11, 2016/ — Riding on last year’s successful summit, The Economist Events’ Nigeria Summit has stated that the 2017 edition will explore strategic opportunities available for Nigeria’s economic growth as she seeks solutions to her current financial downturn. HE Yemi Osinbajo, Vice-president of the Federal Republic of Nigeria will deliver the opening address. Delegates at the 2016 Summit concluded…

Share Button
Read More
Africa Sports 

Mundipharma becomes the ‘Official Healthcare Product Partner of Manchester City Football Club’

The multi-year partnership will enhance the connection both organisations have with their fans and people around the world Omar Berrada, Manchester City’s COO and Raman Singh, President of Mundipharma Asia Pacific, Latin America,the Middle East and Africa MANCHESTER, United Kingdom, 11 October 2016 -/African Media Agency (AMA)/- Premier League club Manchester City have signed healthcare and pharmaceutical business Mundipharma as one of their most recent regional partners. The multi-year deal sees Mundipharma Pte Ltd named the ‘Official Healthcare Product Partner of Manchester City Football Club’ in Mundipharma’s markets in Asia…

Share Button
Read More
Adverts Economy 

Egypt Gets ‘Made In China’ New Capital

Egypt’s new capital city moved a step closer to reality with the announcement that Chinese developers will largely fund the megaproject. The China Fortune Land Development Company (CFLD) agreed to provide $20 billion for the currently unnamed city, after a meeting between heads of the firm and Egyptian President Abdel Fattah El Sisi. This follows a previous commitment of $15 billion from another Chinese state-owned company, bringing the project close to its $45 billion budget requirements for phase I. Plans for the new capital were first announced in March 2015.…

Share Button
Read More
Africa General 

Winners and losers: How are African governments progressing?

On Monday, the Mo Ibrahim Foundation launched the 2016 Ibrahim Index of African Governance (IIAG), which assesses and ranks all 54 of the continent’s countries based on their quality of governance. Progress is measured using four categories: ‘Safety and Rule of Law’, ‘Participation and Human Rights’, ‘Human Development’, and ‘Sustainable Economic Opportunity’.  This year’s index signifies 10 years of rankings and data collection, and the researchers have used the opportunity to reflect on the continent’s progress over the last decade. Here are the key findings. Top gainers: Côte d’Ivoire takes…

Share Button
Read More
Adverts Business Economy 

Why Africa’s private equity-bubble worries are misplaced

The rapid increase in investment funds has raised concerns that a private equity bubble is emerging – essentially that too much money is chasing too few companies – and pushing the prices of available African assets to high levels. The crash in global prices for the commodities upon which many African economies heavily depend has heightened this concern. Political events and a terrorist presence in several northern and central African nations have added to fears that the continent’s impressive economic revival over the past decade is in jeopardy. The commodity…

Share Button
Read More
General 

Nigerian Users’ Privacy under the Protection of new Kaspersky Internet Security – multi-device

LAGOS, Nigeria, October 10, 2016/ — Kaspersky Lab (www.Kaspersky.co.za) announces the availability of the new version of its flagship security solution, Kaspersky Internet Security – multi-device in Nigeria, which provides users with additional opportunities to manage their Internet protection and to ensure the safety of their data. Kaspersky Internet Security – multi-device (http://APO.af/PSUxYu) 2017 is a security solution for the whole family; that protects Windows, Mac, and Android users against malware, dangerous sites, online tracking, fraud and money theft. This year, Kaspersky Lab products for Windows have integrated several new…

Share Button
Read More